58 



HARDWOOD RECORD 



January 10, 1922 



SPECIALS 



Attractively Priced for Prompt Shipment 



4/4 Log Run Hackberry 50,000 



6/4 No. 1 Com. & Btr. Hackberry 12,000 



12/4 No. 1 Com. & Btr. Hackberry 13,000 



6/4 Log Run Pecan 40,000 



6/4 Log Run Hickory 22,000 



4/4 Softwood Boxing 70,000 



5/8 Softwood Boxing 50,000 



5/8 Log Run Sycamore 70,000 



5/8 Log Run Elm 50,000 



4/4 Log Run Elm 150,000 



6/4 Log Run Elm 25,000 



8/4 Log Run Elm 50,000 



10/4 Log Run Elm 40,000 



12/4 Log Run Elm 30,000 



5/8 Log Run Sap Gum 180,000 



10/4 No. 1 Com. & Btr. Ash 70,000 



12/4 No. 1 Com. & Btr. Ash 60,000 



This lumber is all dry, band sawed, edged 

 and trimmed and can be shipped promptly 



We specialize in 



KRAETZER CURED GUM 

 5/8 LUMBER 



Write for Complete List with Prices. 



North Vernon Lumber Mills 



NORTH VERNON, INDIANA 



STRABLE 

 Lumber & Salt Company 



SAGINAW, MICHIGAN 



Manufacturers 



Hardwood Lumber, Maple Flooring 

 ALL GRADES AND THICKNESSES 



MODERN DRY-KILNS AND PLANING MILL 

 Insist upon 



^_ Wolverine Maple Flooring 



■if^/fiW^T/ "Best b }• Test" 



??/MlSe'°FiS Maple. Birch. Basswood. Elm, Beech 



The Tegge Lumber Co^ 



High Grade 



Northern and Southern 



Hardwoods and Mahogany 



Specialties 



OAK, MAPLE, CYPRESS, POPLAR 

 Milwaukee,^ Wisconsin 



such as to dazzle the eyes, but there is a gradual increase to be noted in 

 business and industrial conditions that is being reflected in more produc- 

 tion on the part of some of the plants. The volume of production is grow- 

 ing slowly, but it might be termed a steady growth. Certainly nothing of 

 the mushroom variety. The furniture factories are among the biggest pro- 

 ducers. There arc many inquiries and orders being received at the plants, 

 due to a rather large holiday trade. Many of the plants are in the midst of 

 the regular inventory period, but few of them have closed down for the 

 period as was the case last year with many. It is believed that those clos- 

 ing down will re-open immediately. The sash and door and interior finish 

 mills are just beginning to see a decline in demand due to the season, but 

 most of them are planning to operate most of the winter with curtailed 

 forces. Various grades of oak, gum and mahogany appear to be most in 

 demand, according to distributors. Prices are firm and little change is 

 expected. Many inquiries are being received from the retail yards and 

 much actual buying is expected this month after the dealers get straight- 

 ened around on the new year. 



EVANSVILLE 



The hardwood lumber manufacturers of southern Indiana report that 

 trade during the past three or four weeks has been rather dull. The 

 manufacturers were busy during the last half of December and the early 

 part of January taking their inventories, and they are now getting ready 

 for the new year and are planning to go after business. A few orders 

 and inquiries came in during the month of December, but taken as a whole 

 the month was dull. Manufacturers had looked for this slump in busi- 

 ness and now they are looking forward to the new year with a great deal 

 of hope and optimism. Collections have held their own very well, and 

 the general business conditions are much better than they were at this 

 time this year. Most of the hardwood mills in this section are either 

 being operated on part time or are closed down altogether. Owing to the 

 rains and floods in the logging districts of the South and along the Green 

 river valley in western Kentucky, few logs have been coming in during 

 the past month and log prices are reported rather high. Lumber prices are 

 holding up well and in many instances stocks are running low. With the 

 improvement in trade with the furniture manufacturers that is looked for 

 within a short time, it is expected the furniture men will be in the market 

 for a more liberal supply of lumber. During October the local furniture 

 plants bought lumber in considerable quantities, but during November and 

 December this part of the trade fell off a great deal. 



MEMPHIS 



Husiness in southern hardwoods is not particularly brisk at the moment. 

 Consuming interests are so busy taking Inventories and getting their books 

 closed for the old year that they are placing comparatively tew orders, 

 [lowevcr, Inquiries are coming forward in satisfactory volume from both 

 domestic and foreign sources and it is quite generally felt that there will be 

 a good demand for lumber by the middle of the current month. Prices are 

 firmly maintained. Stocks are badly broken in the better grades of prac- 

 tically all items and the only accumulation that is noted Is in Nos. 2 and 3 

 common, which have been moving very slowly during the past few months 

 of reviving business in firsts and seconds and No. 1 common, largely be- 

 cause of virtually prohibitive transportation costs. 



Practically all members of the trade here are agreed that the first six 

 months of 1922 will be a period of active demand and advancing prices. 

 This view is based on the unparalleled activity in the building industry 

 and the splendid position occupied by the furniture trade as a result of the 

 many new homes being built In all parts of the United States, as well as on 

 the well-known shortage of hardwood lumber and the almost insuperable 

 handicaps in the way of production tor the next few months. 



It is anticipated that the railroads, with their improved financial posi- 

 tion, will enter the market in a larger way during this period and that the 

 increased purchasing power of thfc agricultural element of the population 

 will be reflected in greater activity In buying from that fruitful source. 

 The better international political situation and the somewhat improved 

 position of foreign exchange arc counted upon to stimulate business with 

 Europe and to bring larger orders from that source. It is generally con- 

 ceded that consuming and distributing interests in the United States are 

 carrying very limited stocks as compared with normal and It is felt that, 

 with general business and industrial conditions Improving, efforts will be 

 made to build up yard and plant stocks to more nearly normal proportions. 



From a production standpoint, there Is little of an encouraging character 

 to be said. The quantity of logs available for the mills generally represents 

 but a small percentage of normal. This does not apply to those plants 

 where the management controls its own logging road and where logs are 

 transported but short distances. It does apply, however, with remarkable 

 force to mills which have to transport their logs for long distances over 

 public carriers at present prohibitive freight rates. The Valley Log Load- 

 ing Company, which loads the bulk of the timber handled over the Yazoo 

 & Mississippi Valley railroad, reports that it is not operating at more than 

 33'/i per cent of normal at the beginning of the new year. This represents 

 a fair gain over the showing of the late summer and fall of 1921 but It Is 

 a long cry from 33 '^ per cent to 100 per cent. Very few logs are being 

 prepared for shipment now and It Is emphasized that efforts to bring out 



